2005/08/09 by Chengling Gou, Gou, Chengling
Economics, Econometrics and Finance · Physics and Astronomy · #Complex Systems and Time Series Analysis #FOS: Physical sciences #Financial Risk and Volatility Modeling #Market Dynamics and Volatility #Physics and Society (physics.soc-ph) #physics.soc-ph
paper · pdf · doi:10.48550/arxiv.physics/0508056
9 pages, 4 figures, 3 tables
arxiv created 2005/08/09 · openalex publication_date 2005/08/09 · arxiv updated 2009/12/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
this paper addresses the issue of the relation between the system efficiency and the individual performance with different combinations of agent memory lengths in mix-game model which is an extension of minority game (MG). In mix-game, there are two groups of agents; group1 plays the majority game, but the group2 plays the minority game. The average winnings of agents can represent the average individual performance and the volatility of a system can represent the efficiency of the system. It is found the correlations between the average winnings of agents and the medians of local volatilities are different when agent memory lengths change with different combinations of m1=m2, m1